Stock of Interest

Posted On: October 16, 2023

Stock Report: #WELCORP (#NSE) 13 Oct 2023

Welspun Corp Ltd is an Indian company engaged in the Production and Coating of High-Grade Submerged Welded Pipes, Hot Rolled Steel Plates and Coils. The company’s products include Helically welded pipes, longitudinally welded pipes, High-frequency electric welded pipes, Plates and Coils, Coating Systems, and other services including Pipe bending, Double jointing, Stack pile, and Inventory management. The Group’s operations primarily relate to the manufacturing of steel products and plastic products, and segments consist of Steel Products and others (including plastic products).

#xCalData predicts that # WELCORP will continue its bullish phase over the next five days and trend within the range of 414 to 472.

In comparison to the previous month, the price of the stock has experienced an increase of 13.78% indicating a bullish.

The Stock has doubled twice since 26 Mar 2015 and took an average of 2.4 years to double.

The stock has shown seasonality trend in the past.

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 5 years in the past.

Majority of the technical ratios trend towards Bullish side of the spectrum.

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days.

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